Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has recorded the following for the past nine months Month January February March April May June July August September Required: Number of cavities Filled. 450 575 700 300 500 350 600 675 Total Cost $ 5,250 6,250 6,500 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. 2. Using these estimates, calculate Canyon's total cost for filling 400 cavities. Required 1 Required 2 5,300 5,930 5,300 5,600 6,500 5,200 Complete this question by entering your answers in the tabs below. Fixed cost Variable cost per cavity filled Use the high-low method to estimate total fixed cost and variable cost per cavity filled. Note: Round your Variable cost per unit to 2 decimal places.
Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has recorded the following for the past nine months Month January February March April May June July August September Required: Number of cavities Filled. 450 575 700 300 500 350 600 675 Total Cost $ 5,250 6,250 6,500 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. 2. Using these estimates, calculate Canyon's total cost for filling 400 cavities. Required 1 Required 2 5,300 5,930 5,300 5,600 6,500 5,200 Complete this question by entering your answers in the tabs below. Fixed cost Variable cost per cavity filled Use the high-low method to estimate total fixed cost and variable cost per cavity filled. Note: Round your Variable cost per unit to 2 decimal places.
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Transcribed Image Text:Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon has recorded the following for the
past nine months
Month
January
February
March
April
May
June
July
August
September
Required:
Number of cavities
Filled.
450
575
700
300
500
350
600
675
Total cost
$ 5,250
6,250
6,500
5,300
5,930
5,300
5,600
6,500
5,200
1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled.
2. Using these estimates, calculate Canyon's total cost for filling 400 cavities.
Complete this question by entering your answers in the tabs below.
Fixed cost
Variable cost per cavity filled
Required 1 Required 21
Use the high-low method to estimate total fixed cost and variable cost per cavity filled.
Note: Round your Variable cost per unit to 2 decimal places.
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